DeFi Watch: Where Will Fei With 2.6 Billion Dollars in Liquidity Go?

Author | Tan Shu Editor | Colin Wu 1. Unstable Stablecoins On March 31st, the algorithmic stablecoin project Fei began fundraising and ended on April 4th. During this period, Fei raised a total of 639,000 ETH, valued at nearly 1.3 billion dollars, becoming the DeFi project with the most fundraising in history. At the same time, the project team airdropped the project's governance token TRIBE to participants in proportion to the amount of ETH they provided.